Jamestown, RI Market Report — May 2026

• Closed Sales: 3 units, down 57.1% QoQ (7 units) and 25.0% YoY (4 units).
• Active Inventory: 61 listings, up 125.9% QoQ (27 units) and 190.5% YoY (21 units).
• Median Sale Price: $925,000, down 19.5% QoQ and up 0.1% YoY.
• Months of Supply: 20.3 months, signaling a strong buyer’s market.
• Sale-to-List Ratio: 94.2%, down 5.13pp QoQ and 4.12pp YoY.
• Pct Sold Above List: 33.3% (representing 1 of 3 units sold).

Pricing precision in Jamestown shows signs of strain as buyers exert more leverage. The median sale price of $925,000 stands 85.0% above the Rhode Island state median of $500,000. When comparing the median sale price ($925,000) to the median sold list price ($949,000), we see a clear gap indicating that, on average, properties are closing below the final asking price. This is reinforced by the average sale-to-list ratio of 94.2%. Additionally, among the sellers who reduced prices, the average reduction was 12.9% from their original asking price, signaling a need for significant price adjustments to meet current market expectations.

Regarding trend momentum, the median sale price has declined for 2 consecutive months. The current $925,000 price point sits 29.9% below the 3-month moving average of $1.32M and 18.86% below the 6-month moving average of $1.14M, confirming sustained downward pressure. Price-per-square-foot at $603.08 has also softened, down 12.2% QoQ, confirming the trend is broad-based.

For Listing Agents: Pricing must be grounded in the 94.2% sale-to-list ratio and the $949,000 median sold list price; overpricing relative to these metrics increases the risk of the 12.9% average price reduction.

For Buyer Agents: With only 33.3% (1 of 3) of sales occurring at or above the list price, buyers should approach negotiations with confidence, using the high inventory levels to justify offers below the current ask.

Inventory dynamics in Jamestown reflect a market struggling with oversupply. The active inventory count of 61 listings is the result of 37 new entries against only 3 closings, starting from an opening base of 27 active listings in April. The listing velocity ratio has surged to 12.33, a sharp climb from 2.29 in April, indicating that inventory is building rapidly. This velocity is well above the 1.5 threshold for rapidly building markets.

At 20.3 months of supply, the market is firmly in "buyer's market" territory. Compared to last May, the market is seeing a 146.7% increase in new listings and a 190.5% increase in total active inventory. Total sales volume declined 58.6% QoQ, driven by the significant reduction in transaction count.

For Listing Agents: With 20.3 months of supply, your property is competing against a vast pool of choices; focus on aggressive, accurate initial pricing rather than chasing the market down.

For Buyer Agents: The inventory expansion creates a high-leverage environment; prioritize properties with longer active days-on-market where sellers may be more motivated by the high listing-to-sales velocity.

The median DOM for closed sales reached 34 days in May, a 32% decrease QoQ, though this remains 61.9% slower than the Rhode Island state benchmark of 21 days. Data for cumulative DOM (CDOM) is currently unavailable to fully assess the frequency of clock-resets via relisting. However, the median days to pending—a leading indicator—suggests a slow demand environment. Inventory staleness is a growing concern, as evidenced by the high volume of active listings compared to the minimal monthly closings. Sellers who eventually successfully close their properties have been forced to capitulate with an average price reduction of 12.9% from original list price.

For Listing Agents: If a property does not receive an offer in the first 30 days, assume the list price is misaligned with the current 94.2% sale-to-list ratio.

For Buyer Agents: Focus on the "Active" inventory; with 11 days as the median DOM for active listings, look for opportunities where the DOM is significantly higher, indicating a motivated seller.

Jamestown is currently a Strong Buyer’s Market. This assessment is supported by a 20.3-month supply of inventory, a sale-to-list ratio of 94.2%, and a significant increase in inventory growth (3 consecutive months of gains). While the median DOM of 34 days appears to conflict with a "slow" market, the velocity of new listings (12.33 ratio) confirms that buyers have significantly more leverage than sellers.

Practical Implications: Listing agents must prepare sellers for extended marketing times and the potential for deep price concessions. Buyer agents should utilize the abundant inventory and the high listing-to-sales velocity as leverage to secure favorable terms, as sellers face mounting competition from new market entrants.

The current trend reflects a market where supply is rapidly outpacing absorption. With 2 consecutive months of declining median sale prices and the current $925,000 price point sitting 29.9% below the 3-month moving average of $1.32M, downward price momentum is established. Inventory growth remains the dominant headwind, with a 3-month upward streak and a listing velocity ratio that has spiked to 12.33 in May from 2.29 in April.

Compared to last May, closed sales are down 25.0%, while active inventory is up 190.5%. If the current listing velocity of 12.33 persists without a corresponding increase in demand, inventory levels will continue to pressure local pricing. Buyers should expect high choice throughout the summer, while sellers must remain agile in their pricing strategies to avoid stagnation.

This report uses data from the RealAnalytica MLS analytics (riar) for the city of Jamestown, RI, covering the period of 2026-05-01 to 2026-05-31. The current period recorded 3 closed sales. Due to this small sample size, all median metrics are highly volatile and should be interpreted as directional indicators. Pricing precision compares median sale prices to median sold list prices for identical properties. Inventory and closed sales represent distinct populations and are analyzed separately.